The most recent guidance from the Committee on Pension Plan Financial Reporting (PPFRC) regarding assumptions for hypothetical wind-up and solvency valuations was provided in the educational note dated March 23, 2023. This guidance applied for valuations with effective dates on and after December 31, 2022 (but not later than June 29, 2024).
The PPFRC has conducted its quarter-end review of group annuity pricing conditions as of March 31, 2023 and recommended to the Actuarial Guidance Council (AGC) assumptions for hypothetical wind-up and solvency valuations for valuations with effective dates on or after March 31, 2023 (but no later than June 29, 2024).